Dr. Al Mashat reviewed the improvement in Egypt’s economic
conditions as a result of government efforts since 2024 to strengthen
macroeconomic stability, improve the business environment and investment
climate, and empower the private sector. She also highlighted the continued
improvement in economic growth indicators since the beginning of the previous
fiscal year 2024 to 2025, culminating in a growth rate of 5.3 percent in the
first quarter of the current fiscal year.
She emphasized that the most distinctive feature of the
current economic growth is not merely the improvement in headline indicators,
but rather the shift in the structure of growth and the supporting sectors. She
pointed to non oil manufacturing industries and the information and communications
technology sector as leading drivers. She noted that this reflects Egypt’s
transition toward higher productivity sectors. She added that the government
continues to implement reforms aimed at sustaining this momentum and
strengthening the economy’s resilience and its ability to absorb external
shocks.
The meeting addressed state efforts to implement the
economic reform program and complete the fifth and sixth reviews with the
International Monetary Fund (IMF). It also discussed international reports
confirming the continued pace of improvement and recovery despite the
exceptional tensions recently experienced in the Middle East. She noted that
Suez Canal growth indicators are improving alongside easing conditions and the
signing of the historic peace agreement in Sharm El Sheikh, led by President
Abdel Fattah El Sisi.
Dr. Al Mashat concluded by reaffirming the positive outlook
for the Egyptian economy. She stressed the government’s commitment to
continuing the implementation of the economic and structural reform program and
ensuring policy integration across the relevant authorities.